#FTSE #Gold
Thursday was a truly confused FTSE day until the USA opened for business, then everything seemed to change for the better. There are certainly a plethora of indications which hint this month may finish in quite an encouraging position, just what the nation needs as everyone comes together to congratulate the Queen next week.
Certainly, as we head into June, a surfeit of bank holidays will doubtless produce a confusing end to May. Firstly, the USA is closed on Monday to celebrate something called Memorial Day. Then, we can enjoy a couple of days of normality through Tuesday and Wednesday before the UK experiences Thursday and Friday to celebrate Her Majesty sponging off the nation for more years than most folk have been alive. To assist us all in being grateful, the palace has even released some new photographs of her realm, most of which will doubtless appear on coffee mugs within a few days. Perhaps a less than reverent approach is coming across. This is thanks to The Queen once spoiling a day of my holiday as a child. The great lady was due to turn up on a train, the police despatched to a nearby holiday park to round up children who were ordered to wave little flags. The effort to pretend a fawning crowd fell apart, when a hole was discovered in a fence and many of the children, myself included, fled and abandoned their flags. To give credit where it’s due, the small contingent of police ignored the dwindling audience numbers.
As mentioned, there are indications of a coming improvement for the FTSE. Near term, above just 7576 points should prove capable of triggering a surprise movement to an initial 7625 points. If exceeded, our secondary calculates at an extremely possible 7670 points. If triggered, the very tightest stop appears to be at 7512 points, the low of Thursday.
An important detail about our secondary target level comes from the proximity of the Blue downtrend. Given the markets slavish adherence to this line in recent months, there appears a firm suggestion of hesitation, should such a target level appear. This particular trend line dates back to 2019 and we suspect the FTSE shall require close above it, just to confirm happy days are ahead.
Our alternate scenario, if things intend go wrong, triggers should the market wander below 7453 points.
Movement such as this looks capable of promoting reversal to an initial 7423 points with secondary, if broken, at 7380 points. Neither target is particularly dangerous looking, perhaps presenting a “safe” level where the FTSE could park while we all enjoy dancing in the streets, waving our little flags, with the National Anthem on repeat, blaring from our phones.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:05:55PM | BRENT | 114.61 | 111.22 | 109.77 | 112.3 | 115.17 | 115.705 | 113.6 | Success | ||
| 11:07:49PM | GOLD | 1851.93 | 1841 | 1836 | 1854 | 1857 | 1861 | 1845 | |||
| 11:09:27PM | FTSE | 7561 | 7502 | 7475 | 7546 | 7582 | 7600 | 7548 | ‘cess | ||
| 11:11:59PM | FRANCE | 6421 | 6399 | 6389 | 6432 | 6439 | 6469 | 6406 | Success | ||
| 11:26:19PM | GERMANY | 14276 | 13985 | 13922 | 14056 | 14294 | 14337 | 14224 | Success | ||
| 11:28:35PM | US500 | 4058.22 | 3961 | 3917 | 4011 | 4077 | 4106 | 4041 | ‘cess | ||
| 11:31:18PM | DOW | 32605 | 32034 | 31951 | 32256 | 32780 | 32970 | 32556 | Success | ||
| 11:33:32PM | NASDAQ | 12282 | 11844 | 11680 | 11996 | 12340 | 12389 | 11235 | |||
| 11:38:32PM | JAPAN | 26941 | 26586 | 26465 | 26740 | 27013 | 27064 | 26888 | ‘cess |
26/05/2022 FTSE Closed at 7564 points. Change of 0.56%. Total value traded through LSE was: £ 5,961,976,188 a change of -3.28%
25/05/2022 FTSE Closed at 7522 points. Change of 0.51%. Total value traded through LSE was: £ 6,164,105,326 a change of -26.57%
24/05/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 8,394,166,006 a change of 28.44%
23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%
20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%
19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%
18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:HL. Hargreaves Lansdown** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Barclays, BP PLC, MAN, Firstgroup, Hargreaves Lansdown, ITM Power, Intertek, Marks and Spencer, Ocado Plc, Rolls Royce, Serco, Standard Chartered, The Trainline, Zoo Digital,
LSE:BARC Barclays. Close Mid-Price: 167.68 Percentage Change: + 2.32% Day High: 168.2 Day Low: 163.32
Above 169 still suggests ongoing travel to 172p. If exceeded, our secondar ……..
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View Previous Barclays & Big Picture ***
LSE:BP. BP PLC. Close Mid-Price: 435.25 Percentage Change: + 1.73% Day High: 436.4 Day Low: 427.7
Continued trades against BP. with a mid-price ABOVE 437 should enhance the ……..
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View Previous BP PLC & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 257.3 Percentage Change: + 3.37% Day High: 256.3 Day Low: 245.2
Target Met. This is increasingly useful as now above 258 shall be regarded ……..
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View Previous MAN & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 129.8 Percentage Change: + 8.71% Day High: 138 Day Low: 114
Target Met. Wow. Now above 138 could prove quite amazing, allowing a cycle ……..
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View Previous Firstgroup & Big Picture ***
LSE:HL. Hargreaves Lansdown. Close Mid-Price: 854.8 Percentage Change: + 3.44% Day High: 857.4 Day Low: 827.2
Continued weakness against HL. taking the price below 804.8 calculates as ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 301.5 Percentage Change: + 4.69% Day High: 300.6 Day Low: 290
Continued weakness against ITM taking the price below 253.3 calculates as ……..
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View Previous ITM Power & Big Picture ***
LSE:ITRK Intertek Close Mid-Price: 4594 Percentage Change: -1.88% Day High: 4641 Day Low: 4529
Below 4529 still suggests weakness coming to an initial 4379 with secondar ……..
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View Previous Intertek & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 149.6 Percentage Change: + 7.90% Day High: 153.25 Day Low: 137
Target Met. That was quick! Now above 154 suggests the potential of 162 ne ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:OCDO Ocado Plc. Close Mid-Price: 858.4 Percentage Change: + 11.54% Day High: 882.6 Day Low: 753.6
Target Met. That took its sweet time to trigger but now above 883 now poin ……..
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View Previous Ocado Plc & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 86.44 Percentage Change: + 3.50% Day High: 86.49 Day Low: 83.32
Target Met or near enuff. Above 87 now allows an initial 94 with secondary ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 167.7 Percentage Change: + 9.75% Day High: 168.5 Day Low: 162.8
Target Met. Now above 169 should allow for further oomph to an initial 176 ……..
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View Previous Serco & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 623.8 Percentage Change: + 1.00% Day High: 626.4 Day Low: 612
Further movement against Standard Chartered ABOVE 627 should improve accel ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TRN The Trainline. Close Mid-Price: 324.1 Percentage Change: + 5.92% Day High: 325.7 Day Low: 300.8
Continuing above 326 still calculates with the potential of an initial 349 ……..
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View Previous The Trainline & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 105 Percentage Change: -0.47% Day High: 106 Day Low: 103.5
Target Met. Now below 103 calculates with an initial 97 and hopefully a bo ……..
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View Previous Zoo Digital & Big Picture ***